Deals of the week - March 12 2012

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Deals of the week - March 12 2012

Type of Deal

Value

Acquirer

Target

Adviser to acquirer (tax)

Adviser to target (tax)

Global Strategic Alliance

$1.32 billion

General Motors

PSA Peugeot Citroën

Freshfields Bruckhaus Deringer

Bredin Prat

Acquisition

$1.3 billion

Molycorp

Neo Material Technologies

Jones Day / McCarthy Tetrault

Fogler, Rubinoff / McDonald Hopkins / Stikeman Elliott

Acquisition

610.7 million

LSE

LCH.Clearnet

Freshfields Bruckhaus Deringer / Sullivan & Cromwell

Clifford Chance

Acquisition

$463 million

Energy Capital / PPL Generation / GDF Suez International

AES Red Oak / AES Ironwood / AES Energia Cartagena

Latham & Watkins - David Raab, Kevin Brogan

Acquisition

$321 million

SingTel

Amobee

Fenwick & West - Michael Solomon, Natalie Pardo De Zela

Acquisition

$171 million

Legrand France

Numeric Power Systems

WongPartnership - Low Kah Keong, Teo Hsiao-Huey, Jeffrey Lim, Ameera Ashraf

Amarchand & Mangaldas & Suresh A. Shroff & Co

Type of Deal

Value

Issuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Notes Offering

$2.75 billion

PepsiCo

Goldman Sachs / J.P. Morgan / Merrill Lynch

Davis Polk & Wardwell - Avishai Shachar, Patrick Sigmon

Jones Day

Notes Offering

$800 million

Wyndham Worldwide

J.P. Morgan / Deutsche Bank / Goldman Sachs

Kirkland & Ellis

Davis Polk & Wardwell - Harry Ballan, Nessia Kushner

Fixed Rate Subordinated Notes Issue

$798.5 million

DBS Bank

Allen & Gledhill

WongPartnership - Hui Choon Yuen

Notes Offering

$600 million

Heinz

J.P. Morgan / Merrill Lynch / UBS

Davis Polk & Wardwell - Samuel Dimon, Adam Perry

Sullivan & Cromwell

Investment Grade Notes Offering

$500 million

Fifth Third Bancorp

Deutsche Bank / J.P. Morgan / Morgan Stanley

Graydon Head & Ritchey

Davis Polk & Wardwell - Rachael Kleinberg, Sarah Joy

Five Year Revolving Credit Facility

$462.6 million

Aurubis AG

Commerzbank / Deutsche Bank / Unicredit Bank

Hengeler Mueller

Clifford Chance

Follow-On Equity Offering

$370 million

Waste Connections

Morgan Stanley

Latham & Watkins

Davis Polk & Wardwell - Lucy Farr, Neil Barr, Gregory Hannibal, Johann Wagner

Initial Public Offering

$123.3 million

Yelp

Goldman Sachs / Citigroup / Jefferies & Co

Davis Polk & Wardwell - Rachel Kleinberg, Una Au

more across site & shared bottom lb ros

More from across our site

CSR initiatives can sometimes venture into virtue signalling, but Ryan’s tax literacy event for schoolchildren was a genuine and necessary endeavour
Grant Thornton advanced plans to integrate its Australian firm into its US arm, as tax developments spanned law firm hires, aviation levies and digital services taxes
A new focus on early intervention and increased AI use is transforming how tax authorities are approaching TP audits, though capacity-constrained jurisdictions risk falling behind
The French administration has used AI to detect undeclared swimming pools and verandas but always includes a human in the loop, the AI in Tax Forum heard
The UK tax authority’s deputy director of large business also reassured taxpayers that HMRC will not ‘nitpick’ returns
Sucafina’s tax chief was speaking at the ITR Pillar 2 Forum in London alongside experts from HMRC and other organisations
India’s Supreme Court rattled cross‑border structuring with its Tiger Global ruling. Subsequent rule changes narrowed the impact, but significant risks around GAAR, substance and treaty access persist
The UK-based big four spin-off firm has hired Marc Lien, who declared that most AI in professional services today is ‘cosmetic’
Projected revenue losses and exemption requests are harming the project’s capability and viability
HMRC secured lengthy prison sentences in a major payroll VAT fraud case, while law firms announced tax promotions and hires
Gift this article